Tax Objection Tanzania: 30 Days, the Deposit and the TRA Decision
How do you object to a TRA tax assessment in Mainland Tanzania? Lodge a written notice of objection with the Commissioner General within 30 days of service, stating the grounds and attaching your evidence. Within the same 30 days, pay the greater of the tax not in dispute or one third of the assessed tax, unless TRA waives it. TRA then has six months to decide.
A tax objection in Tanzania is the first and compulsory step in challenging a TRA assessment or other tax decision. You cannot go straight to the Tax Revenue Appeals Board. The objection goes to the Commissioner General first, inside a short window, with money paid up front. Miss the window or the deposit, and the assessment becomes final.
This guide covers Mainland Tanzania under the Tax Administration Act, Cap. 438. Zanzibar taxes run by the Zanzibar Revenue Authority (ZRA) follow a separate Act, covered in its own section below.
What the law says
The objection rules sit in Part VIII of the Tax Administration Act, Cap. 438 R.E. 2023, as published by TRA. Part VIII is headed "Dispute resolution" and has four sections:
- Section 61 defines a tax decision. An assessment counts. For a self-assessment, the decision is made on the due date of the return.
- Section 62 sets the objection itself: the 30-day limit, the extension, the contents, the deposit, the waiver and the suspension of the balance.
- Section 63 governs the Commissioner General's decision: evidence requests, the reasoned notice, the taxpayer's reply, and the six-month limit.
- Section 64 gives the right of appeal to the Board under the Tax Revenue Appeals Act, Cap. 408.
The Finance Bill, 2025, as published by the Ministry of Finance, proposed a new deemed-admission rule in section 62 and two provisos to section 63. TRA's own Taxes and Duties at a Glance 2025/2026 states the deemed-admission rule as current law. The EY analysis of the Finance Act, 2025 confirms both changes were enacted.
Older guides cite the Income Tax Act for objections. Those provisions were repealed when the Tax Administration Act came in. An income tax, VAT or excise dispute on the Mainland is a Tax Administration Act question.
Who should read this
- Companies that have received an assessment after a TRA audit, a desk review or a refund verification.
- Individuals and sole traders assessed on rental income, business income or unreported sales.
- Employers assessed for PAYE, SDL or withholding tax after an employer audit.
- Importers who dispute a customs value or classification decision, where special deposit rules apply.
- Finance teams that need to budget for the deposit before the 30 days run out.
If an audit is still open, read our guide to TRA audits and tax disputes first. A strong audit file makes a strong objection.
What counts as a tax decision you can object to?
Section 61 lets the Commissioner General make tax decisions on matters that directly affect a person. The common ones are:
- An original assessment, including a jeopardy assessment.
- An adjusted assessment, which TRA can usually raise within five years under section 59.
- A notice of liability to pay tax, such as an agency notice holding you liable.
- A refusal of a refund, or a decision on losses carried forward.
Some matters are excluded. Practice notes, compounded offences, and matters settled by agreement or admission are not objectionable tax decisions. If you signed a settlement, the objection route is usually closed for that item.
Section 59 has a sting. The five-year limit on adjusted assessments does not apply in cases of fraud, wilful neglect or serious omission. An assessment issued after five years will often allege one of these, and the objection must then attack that finding as well.
How long do you have to object, and can you get more time?
Section 62(1) gives 30 days from the date the tax decision is served. Count from service, not from the date printed on the letter. Keep the envelope, courier slip or email header that proves when it reached you.
Section 62(2) and (3) allow an application for more time on reasonable grounds. The Commissioner General decides and serves notice of the decision. TRA's Objections and Appeals page adds two practical limits. Apply at least 7 days before the deadline expires, and expect no more than 30 extra days.
Those two limits come from TRA's page, not from the text of section 62 we read. Treat them as TRA practice and apply early.
Good reasons include illness of the key officer, documents held by a third party, or a decision served on the wrong address. Workload and a slow board meeting rarely persuade.
What must a notice of objection contain?
Section 62(4) to (6) set three rules. The objection must be in writing. It must state the grounds. It must come with the documents and information you intend to rely on, lodged at the same time as the notice.
The third rule matters most. Section 63(9) stops you relying at the appeal hearing on evidence you failed to give TRA when asked. A thin objection with a promise to "submit documents later" can lose the appeal before it starts.
| Item | What to include | Why |
|---|---|---|
| Identity | Name, TIN, tax office, assessment number and date of service | TRA must match the objection to the decision |
| Decision objected to | Copy of the assessment or notice, with each disputed item listed | Separates disputed from undisputed tax |
| Grounds | Each ground numbered, with the facts and the section relied on | Required by s.62(4) |
| Evidence | Ledgers, contracts, invoices, bank statements, EFD records, reconciliations | Required by s.62(5) and (6) |
| Undisputed tax | Your computation of the tax you accept | Fixes the deposit under s.62(7) and (10) |
| Deposit proof | Control number and payment receipt, or the waiver application | Without it the objection is not admitted |
| Signature | Signed by the taxpayer or an authorised officer | Shows the objection is the taxpayer's own |
Lodge it with the office that issued the decision. TRA's page names the Regional Office where you are registered, the Commissioner for Large Taxpayers, the Commissioner for Domestic Revenue, or the Commissioner for Customs and Excise. Get a stamped acknowledgment or an electronic receipt.
How much must you pay before TRA admits the objection?
Section 62(7) is the rule that catches most taxpayers. An objection to an assessment or a liability notice is not admitted unless, within 30 days of service, you pay the greater of:
- the tax not in dispute; or
- one third of the tax assessed.
Section 62(10) defines "tax not in dispute" as the tax that would be due if the assessment were amended as your objection asks. For duty or tax on imports, the whole amount assessed counts as not in dispute. Importers therefore pay in full before objecting.
Section 62(12) adds a further rule. If the Commissioner General reasonably believes you intend to leave the United Republic permanently, the deposit becomes the whole assessed tax.
Once the deposit is paid, section 62(9) suspends collection of the balance until the objection is finally determined. If the deposit is not paid in time, section 62(11) treats the assessment as final.
The Finance Act, 2025 changes added a deemed-admission rule. An objection to an assessment is treated as admitted on the date the filing and payment conditions are met, or the date a reduced amount is paid. Other objections are treated as admitted on the date they are served. You no longer wait for an admission letter. This is recorded as register item NEW-02-19.
Can TRA waive or reduce the objection deposit?
Yes. Section 62 lets the Commissioner General, for good reasons, waive the deposit or accept a lesser amount. TRA's Glance 2025/2026 says the application must be made within 15 days of receiving the tax decision. That is half the objection window, so the decision to ask must come early.
A waiver application should show three things:
- Cash flow: management accounts and bank statements showing the deposit would harm the business.
- Merit: a short summary of why the assessment is likely to be reduced.
- Good faith: payment of whatever part you can afford, and a clean filing record.
Waivers are not granted often. Plan to pay the deposit and treat a waiver as a bonus.
The Court of Appeal changed one point in 2026. In Wilbert Basilius Kapinga v Commissioner General, TRA, Civil Appeal No. 145 of 2022, it held that a failure to decide a waiver application within the prescribed time is an omission that can be appealed to the Board. The FB Attorneys note of 9 February 2026 explains how the Court limited the earlier PanAfrican Energy decisions. Bowmans' note of 20 March 2026 reads the case the same way, and adds that a refusal of waiver itself remains non-appealable.
Worked example: a TZS 90 million assessment
A Dar es Salaam trading company receives an adjusted income tax assessment after an audit. The figures are illustrative only.
- Assessment served on 3 November 2026: additional tax of TZS 90,000,000.
- The company accepts one adjustment worth TZS 30,000,000 of tax. It disputes the rest, TZS 60,000,000.
- Interest and penalties are shown separately in the notice and are not part of this computation.
| Step | Computation | Amount (TZS) |
|---|---|---|
| Tax assessed | From the notice | 90,000,000 |
| Tax not in dispute | Tax due if the objection succeeds in full | 30,000,000 |
| One third of tax assessed | 90,000,000 ÷ 3 | 30,000,000 |
| Deposit required | Greater of the two lines above | 30,000,000 |
| Balance suspended | 90,000,000 less 30,000,000 | 60,000,000 |
| Last day to object and pay | 30 days from service on 3 November 2026 | 3 December 2026 |
| Last day to ask for a deposit waiver | 15 days from receipt, per TRA's Glance | 18 November 2026 |
Here the two tests give the same figure. Change the facts and they part company:
- If the company accepted only TZS 12,000,000, the deposit is still TZS 30,000,000, because one third is greater.
- If it accepted TZS 45,000,000, the deposit is TZS 45,000,000, because the undisputed tax is greater.
- If the assessment were import duty and VAT on a consignment, the whole TZS 90,000,000 would be payable first.
Suppose TRA later agrees to cut the assessment to TZS 50,000,000. The company owes a further TZS 20,000,000 on the final assessment. Interest on late tax runs at the statutory rate, compounded monthly (register NEW-02-08). The rate value for the third quarter of 2026 was 8.75% (register NEW-02-09). Confirm with TRA from which date interest is charged on the amount finally confirmed. Our guide to TRA penalties and interest shows the computation.
What happens after the objection is admitted?
Section 63 sets the process. The Commissioner General may ask for more evidence, then either amend the assessment or refuse to amend it.
- An evidence request must give a deadline of no more than 30 days from service, extendable by up to 7 days (s.63(7) and (8)).
- If TRA agrees with you, it serves a notice of final assessment or final decision (s.63(2)). That is the amended assessment.
- If TRA intends to amend only in part, or to refuse, it serves a notice with reasons (s.63(3)). Practitioners often call this the settlement proposal.
- You have 30 days from receipt of that notice to reply in writing (s.63(4)).
- TRA considers the reply and issues a final determination (s.63(5)).
The Finance Act, 2025 added a proviso at step 4. If you do not reply in time, the reasoned notice becomes the objection decision, and the appeal clock starts. Many taxpayers lose rights here by treating the notice as a negotiating letter.
A meeting with the auditors is often useful at this stage. Record what was agreed in writing, item by item, before the final determination is issued.
What if TRA does not decide within six months?
Section 63(10) requires the Commissioner General to determine the objection within six months of admission. Section 63(11) says what happens if TRA misses that limit: the assessment or decision is treated as confirmed, and you may appeal to the Board.
That is the reverse of what many taxpayers expect. Silence does not mean you have won on the Mainland. It means TRA's figure stands and the appeal route opens.
The Finance Act, 2025 added a second proviso. Where TRA served a reasoned notice before the six months ran out, that notice is treated as the objection decision. Diary the six-month date from the day the deposit is paid, and take advice in the final month.
When should you move to the Tax Revenue Appeals Board?
Once the final determination is served, or treated as made, the dispute leaves TRA. Under the Tax Revenue Appeals Act, Cap. 408 (TRA consolidation to 2019), the notice of appeal goes to the Commissioner General within 30 days, and the appeal is lodged with the Board within 45 days. The TRAB appeal procedure page names the forms as TRB.1 and TRB.2.
We do not repeat the appeal stage here. Our guide to appealing a TRA assessment to TRAB and TRAT covers it. Two points connect the stages:
- The deposit paid at objection stays with TRA until the appeal is finally determined, according to TRA's page.
- The evidence you gave, or failed to give, at objection shapes what the Board will hear.
Representation before the Board and the Tribunal is for an advocate or another representative the Act allows. Zatra routes every appeal to an advocate.
How does a tax objection work in Zanzibar?
Zanzibar has its own revenue authority and its own procedure for the taxes ZRA administers, such as Zanzibar VAT, hotel levy and stamp duty. The rules sit in the Tax Administration and Procedures Act No. 7 of 2009, consolidated to June 2025 by ZRA, mainly sections 21A to 21C. ZRA publishes a Notice of Objection to an Assessment form.
Income tax and other Union taxes in Zanzibar are administered by TRA, so those objections follow the Mainland Act. Check which authority issued the decision before choosing the route.
| Point | Mainland (TRA) | Zanzibar (ZRA) |
|---|---|---|
| Law | Tax Administration Act, Cap. 438, ss.61 to 64 | Tax Administration and Procedures Act No. 7 of 2009, ss.21A to 21C |
| Time to object | 30 days from service | 30 days from service (s.21A(1)) |
| Extension | On reasonable grounds; TRA says up to 30 days | Up to 30 days on reasonable grounds (s.21A(6)) |
| Deposit | Greater of undisputed tax or one third | Greater of undisputed tax or one third (s.21A(8)) |
| Waiver | Commissioner General may waive or reduce | Commissioner may reduce or waive (s.21A(10)) |
| Admission | Deemed on meeting the conditions | Commissioner admits or refuses; refusal appealable (s.21A(3) and (4)) |
| Time to decide | Six months from admission | 90 days from the notice of objection |
| If no decision | Assessment treated as confirmed; appeal to TRAB | Commissioner deemed to agree with the objection (s.21B) |
| Appeal body | TRAB, then TRAT, then Court of Appeal on law | Zanzibar Tax Appeals Board, then Tribunal, then Court of Appeal on law |
The Zanzibar default favours the taxpayer. If ZRA does not decide within 90 days, the objection is treated as allowed. Under the Zanzibar Tax Appeals Act No. 1 of 2006, consolidated 2021, an appeal to the Board is lodged within 30 days of service of the objection decision, with written notice within 14 days. Our Zanzibar and Mainland VAT comparison explains which taxes ZRA collects.
What does a tax objection cost?
An objection to TRA carries no filing fee. The cost is the deposit, which is tax paid on account, not a charge. Appeal fees start at the Board. All figures below come from the Zatra government fee register.
| Item | Government charge | Register ID |
|---|---|---|
| Objection to a TRA tax decision | No fee; deposit of the greater of undisputed tax or one third of tax assessed | NEW-02-19 |
| TRAB notice of appeal and statement of appeal | TZS 10,000 and TZS 100,000 | NEW-02-20 |
| TRAB applications, such as extension of time | TZS 30,000 | NEW-02-20 |
| TRAT notice of appeal and statement of appeal | TZS 30,000 and TZS 150,000 | NEW-02-21 |
| TRAT extension of time | TZS 40,000 | NEW-02-21 |
| Amicable settlement window at TRAB or TRAT | 90 days, extendable by up to 30 days | NEW-02-22 |
The TRAB fees come from the Second Schedule to the Tax Revenue Appeals Board Rules, 2018, GN 217 of 2018. The 2024 amendment, GN 539F, changed only rule 25 on execution. Zanzibar Board fees are not in our register; confirm them with the Zanzibar Board.
Government charges are paid at the official rate against the authority's control number. They are separate from Zatra's professional fee and from the advocate's fee.
Which mistakes most often sink an objection?
- Counting from the letter date. The clock runs from service, but TRA will contest late service claims without proof.
- Objecting without paying. An unpaid deposit means no admission, and the assessment becomes final.
- Waiting for the waiver. A pending waiver does not stop the 30 days. Pay what you can, or lodge both on time.
- Holding back evidence. Section 63(9) bars evidence not produced when TRA asked for it.
- Ignoring the reasoned notice. No reply in 30 days now makes it the final decision.
- Assuming silence is success. On the Mainland, six months of silence confirms the assessment.
- Using the wrong Act in Zanzibar. ZRA objections run under the 2009 Act, not Cap. 438.
An unpaid assessment can also lead to recovery action. Our guide to TRA tax debt recovery and agency notices explains what TRA can do. Open disputes can also delay a tax clearance certificate.
What to do now
- Record service. Note the date and method by which the assessment reached you, and keep the proof.
- Diary the deadlines. Mark day 15 for any waiver request and day 30 for the objection and deposit.
- Split the assessment. List each adjustment as accepted or disputed, and compute the undisputed tax.
- Compute the deposit. Compare the undisputed tax with one third of the tax assessed and budget for the greater.
- Decide on a waiver. If cash is short, file a reasoned waiver application within 15 days with accounts and bank statements.
- Build the evidence file. Gather contracts, ledgers, reconciliations and EFD records, and attach them to the notice.
- Lodge and pay. File the written objection with the issuing office, pay against the control number, and keep both receipts.
- Answer every TRA notice. Reply to evidence requests and to any reasoned notice within the stated time.
- Prepare for appeal. If the decision goes against you, or six months pass, brief an advocate on the TRAB appeal at once.
Key dates and deadlines
| Event | Time limit | Source |
|---|---|---|
| Application to waive or reduce the deposit | 15 days from receipt of the decision | TRA Glance 2025/2026, item 35 |
| Application for extension to object | At least 7 days before the deadline; extension up to 30 days | TAA s.62(2); TRA Objections page |
| Notice of objection | 30 days from service of the tax decision | TAA s.62(1); NEW-02-19 |
| Deposit payment | Within the same 30 days | TAA s.62(7); NEW-02-19 |
| Evidence requested by TRA | Up to 30 days, plus up to 7 days on extension | TAA s.63(7) and (8) |
| Reply to TRA's reasoned notice | 30 days from receipt | TAA s.63(4) |
| TRA decision on objection | Six months from admission | TAA s.63(10) |
| Notice of appeal to TRAB; appeal lodged | 30 days; 45 days from the final determination | Cap. 408; TRAB procedure page |
| Zanzibar: ZRA decision on objection | 90 days, or the objection is deemed allowed | Zanzibar Act No. 7 of 2009, s.21B |
How Zatra helps
Zatra reads the assessment, separates accepted from disputed items, computes the deposit and prepares the notice of objection with its evidence file. Our TRA audit and dispute support runs the file from the audit letter to the final determination. Our tax and regulatory compliance service keeps the records that win objections. Where the issue is a future transaction, a TRA advance ruling can prevent the dispute.
Appeals to TRAB and TRAT, legal opinions, court applications, seizures and any prosecution go to an advocate, who represents you. Zatra prepares the file and coordinates. Zatra does not decide or guarantee any authority's outcome.
Government charges and the deposit are paid at the official rate against TRA's or the Board's control number. They are separate from Zatra's professional fee, which we quote in writing before work starts. To begin, contact Zatra with the assessment and the date it was served.
Sources and status
Accurate as at 7 November 2026.
- The Tax Administration Act, Cap. 438 R.E. 2023. Tanzania Revenue Authority, 2025 print. Accessed 7 Nov 2026.
- Objections and Appeals. Tanzania Revenue Authority, web page, 2026. Accessed 7 Nov 2026.
- Taxes and Duties at a Glance 2025/2026. Tanzania Revenue Authority, July 2025. Accessed 7 Nov 2026.
- The Finance Bill, 2025. Ministry of Finance, June 2025. Accessed 7 Nov 2026.
- The Tax Revenue Appeals Act, Cap. 408, amended to 2019. Tanzania Revenue Authority, 2019. Accessed 7 Nov 2026.
- Appeal procedure. Tax Revenue Appeals Board, web page, 2026. Accessed 7 Nov 2026.
- Tax Revenue Appeals Board Rules, 2018, GN 217 of 2018. Tax Revenue Appeals Board, 2018. Accessed 7 Nov 2026.
- Tax Administration and Procedures Act No. 7 of 2009, consolidated. Zanzibar Revenue Authority, June 2025. Accessed 7 Nov 2026.
- Zanzibar Tax Appeals Act No. 1 of 2006, consolidated. Zanzibar Revenue Authority, 2021. Accessed 7 Nov 2026.
- Notice of Objection to an Assessment. Zanzibar Revenue Authority, April 2023. Accessed 7 Nov 2026.
- Wilbert Basilius Kapinga v Commissioner General, TRA, Civil Appeal No. 145 of 2022. Court of Appeal of Tanzania, copy hosted by FB Attorneys, 5 February 2026. Accessed 7 Nov 2026.
- Court of Appeal restores appeal rights in waiver cases. FB Attorneys, 9 February 2026. Accessed 7 Nov 2026.
- Tanzania: Court of Appeal clarifies that TRA omissions are appealable. Bowmans, 20 March 2026. Accessed 7 Nov 2026.
- Tanzanian Finance Act, 2025 analysis. EY Global Tax News, 4 August 2025. Accessed 7 Nov 2026.
Figures to confirm before you act
- The enacted section numbers in the Finance Act, 2025 for the section 62 and 63 changes, and the current subsection number of the waiver power.
- The statutory source of the 15-day waiver application limit stated by TRA.
- The statutory source of TRA's 7-day and 30-day limits on extension requests.
- The date from which interest runs on tax confirmed after an objection, and the current statutory rate.
- Whether TRA accepts objections through its online portal for your tax type and office.
- The Tax Revenue Appeals Act section numbers in the Revised Edition 2023.
- Zanzibar Tax Appeals Board filing fees.
This article is general information based on official sources available at the date of publication. It is not legal, tax or financial advice. Laws and notices change. Verify with the issuing authority or consult Zatra before acting.
Frequently asked questions
Can I object to only part of a TRA assessment?
Yes, and you usually should. List the items you accept and pay that tax. The undisputed part counts toward the deposit, and conceding weak items makes the remaining grounds more credible to the Commissioner General and later to the Board.
Does objecting stop TRA from collecting the tax?
Only the balance, and only after the deposit is paid. The deposit itself must be paid within 30 days. Until it is paid, the whole assessment remains collectable, and agency notices to your bank remain possible.
Can I object to penalties and interest as well as the tax?
You can challenge how they were computed. A separate route exists for asking TRA to remit interest and penalties under section 81 of the Act. Remission is discretionary, so treat it as a separate request rather than a ground of objection.
Do I get the deposit back if the objection succeeds?
Any amount paid above the final tax is an overpayment. It is normally credited against other tax liabilities or refunded through TRA's refund process. Ask TRA to state the treatment in the final determination notice.
Can a tax consultant lodge the objection on my behalf?
Yes. A licensed tax consultant or another authorised person can prepare and lodge it, signed with the taxpayer's authority. Representation at the Board and Tribunal follows the Tax Revenue Appeals Act, and Zatra uses an advocate there.
What if the assessment was served on an old address?
Write to TRA at once, stating when you received it and attaching the proof. Ask for confirmation that the 30 days run from actual receipt. If TRA disagrees, apply for an extension of time on that ground before the window closes.
Is a self-assessed return open to objection?
A self-assessment is treated as a tax decision made on the return's due date. Errors in your own return are normally fixed by correcting the return rather than objecting. Objection fits when TRA later adjusts that return.
Does a Zanzibar company object to ZRA or TRA?
It depends on the tax. Zanzibar VAT, hotel levy and other ZRA taxes go to ZRA under the 2009 Act. Income tax assessed by TRA in Zanzibar follows the Mainland Tax Administration Act and its objection rules.
Sources & regulators
Verify before filing: Rates, forms and thresholds move by Finance Act, Government Notice and portal revision. Confirm the live schedule on the mandate-holder portal before you budget or submit. Law-firm alerts and Big Four notes are discovery only.
- The Tax Administration Act, Cap. 438 R.E. 2023: Tanzania Revenue Authority, 2025 print. Accessed 2026-11-07.
- Objections and Appeals: Tanzania Revenue Authority, web page, 2026. Accessed 2026-11-07.
- Taxes and Duties at a Glance 2025/2026: Tanzania Revenue Authority, July 2025. Accessed 2026-11-07.
- The Finance Bill, 2025: Ministry of Finance, June 2025. Accessed 2026-11-07.
- The Tax Revenue Appeals Act, Cap. 408, amended to 2019: Tanzania Revenue Authority, 2019. Accessed 2026-11-07.
- Appeal procedure: Tax Revenue Appeals Board, web page, 2026. Accessed 2026-11-07.
- Tax Revenue Appeals Board Rules, 2018, GN 217 of 2018: Tax Revenue Appeals Board, 2018. Accessed 2026-11-07.
- Tax Administration and Procedures Act No. 7 of 2009, consolidated: Zanzibar Revenue Authority, June 2025. Accessed 2026-11-07.
- Zanzibar Tax Appeals Act No. 1 of 2006, consolidated: Zanzibar Revenue Authority, 2021. Accessed 2026-11-07.
- Notice of Objection to an Assessment: Zanzibar Revenue Authority, April 2023. Accessed 2026-11-07.
- Wilbert Basilius Kapinga v Commissioner General, TRA, Civil Appeal No. 145 of 2022: Court of Appeal of Tanzania, copy hosted by FB Attorneys, 5 February 2026. Accessed 2026-11-07.
- Court of Appeal restores appeal rights in waiver cases: FB Attorneys, 9 February 2026. Accessed 2026-11-07.
- Tanzania: Court of Appeal clarifies that TRA omissions are appealable: Bowmans, 20 March 2026. Accessed 2026-11-07.
- Tanzanian Finance Act, 2025 analysis: EY Global Tax News, 4 August 2025. Accessed 2026-11-07.
Disclaimer
This article is informational orientation. It is not legal, tax or investment advice and not a government decision. Tanzanian instruments move by Act, Government Notice, Finance Act and portal revision. If a sentence here disagrees with the live mandate-holder, the mandate-holder wins. Zatra Consultants Limited does not issue licences, permits, tax clearances or approvals, and gives no assurance of any regulatory or banking outcome. Professional fees are published only on /pricing/.